June 27, 2023
ISS Window Opens July 5th for Off-Season Peer Groups
ISS announced last week that their peer group submission window will be open from 9 am ET on Wednesday, July 5th until 8 pm ET on Friday, July 14th, for companies that have annual meetings slated to be held between September 15, 2023 and January 31, 2024. Here’s an excerpt:
As part of ISS’ peer group construction process, on a semi-annual basis, corporations are requested to submit changes they have made to their self-selected peer groups for their next proxy disclosure. ISS considers companies’ self-selected peer groups as an important input as part of its own peer group construction methodology…
Submissions should reflect peer companies used (or to be used) by the submitting company for pay-setting for the fiscal year ending prior to the company’s next upcoming annual meeting.
Companies who haven’t made any changes to their previously disclosed peer groups, or don’t want to provide this information in advance, aren’t required to participate. If you don’t submit new info, the proxy-disclosed peers from your last proxy filing will automatically be factored into ISS’ peer group construction process. We have more info on this topic in our “Peer Groups” Practice Area.
– Liz Dunshee